Written by ForexBrokers.com
In this head to head comparison of FxPro vs FinecoBank, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 51% and 89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
FxPro and FinecoBank, both established financial institutions, offer online brokerage services and are recognized as banks. FxPro, founded in 2006, is privately held and carries a ForexBrokers.com Trust Score of 93, reflecting a highly trusted status. It holds two Tier-1 licenses, denoting a high level of confidence and one Tier-2 license, which adds an additional layer of trust. In comparison, FinecoBank, publicly traded since its inception in 1999, boasts a slightly higher Trust Score of 94. Like FxPro, it secures two Tier-1 licenses but lacks Tier-2 accreditation.
Both brokers provide strong regulatory frameworks with their Tier-1 licenses, affirming their capabilities in safeguarding client interests. However, FxPro’s additional Tier-2 license could be seen as an extra assurance of trust. Despite this, FinecoBank’s status as a publicly traded company might appeal to investors seeking transparency. Overall, each broker maintains a solid reputation, offering peace of mind to users while navigating the complex world of online trading.
| Feature |
FxPro
|
FinecoBank
|
|---|---|---|
| Year Founded | 2006 | 1999 |
| Publicly Traded (Listed) | No | Yes |
| Bank | Yes | Yes |
| Tier-1 Licenses | 2 | 2 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 2 | 0 |
When comparing the commissions and fees of FxPro and FinecoBank, FxPro stands out with more detailed pricing structures but faces criticism for its higher-than-average costs. FxPro offers traders the choice between variable and fixed spreads on its MT4 platform, with two execution-based pricing options: instant, which avoids slippage but may encounter requotes, and market, which has potential for slippage but no requotes. Notably, the cTrader platform provides FxPro's most competitive spreads, with a commission-based model leading to an effective EUR/USD spread of 1.27 pips. Despite offering floating-rate models on both MT4 and MT5, FxPro's market execution accounts report EUR/USD spreads of 1.58 pips, which is higher than typical market averages. FxPro's Active Trader program offers up to a 30% discount, although it still trails behind similar programs from top competitors.
On the other hand, FinecoBank does not disclose average spread data for forex and CFD trading, making cost assessments challenging. Fineco lists EUR/USD spreads of 1 pip and 0.8 pips, but without specifying whether these are average values or providing a date range, determining the actual trading costs remains vague. While these values seem appealing, they are relatively higher than what many other forex brokers offer. However, Fineco may provide more favorable spreads on its index CFDs, presenting a potential cost advantage in that area despite the lack of transparent data.
When it comes to overall ratings, FxPro is rated 4 out of 5 stars for commissions and fees and is ranked 32nd out of 62 brokers on ForexBrokers.com. Meanwhile, FinecoBank receives a slightly lower rating of 3.5 stars and holds the 50th position in the same category. These rankings reflect each broker's competitive standing in terms of price clarity and cost-effectiveness relative to their peers in the industry. For traders prioritizing lower fees and transparent pricing, these differences are critical in choosing between the two brokers.
| Feature |
FxPro
|
FinecoBank
|
|---|---|---|
| Minimum Deposit | $100 | $0 |
| Average Spread EUR/USD - Standard | 1.51 | N/A |
| All-in Cost EUR/USD - Active | 1.27 | N/A |
| Active Trader or VIP Discounts | Yes | No |
| ACH or SEPA Transfers | Yes | Yes |
| PayPal (Deposit/Withdraw) | Yes | No |
| Skrill (Deposit/Withdraw) | Yes | No |
| Visa/Mastercard (Credit/Debit) | Yes | No |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
FxPro and FinecoBank both offer extensive investment opportunities but differ in their specific offerings. FxPro provides 2,249 tradeable symbols and 70 forex pairs, making it a strong contender for forex enthusiasts. In contrast, FinecoBank offers an impressive 9,770 tradeable symbols, including 54 forex pairs, making it an appealing choice for those seeking a broader range of investment options. While both platforms offer forex trading as CFDs or spot contracts, they diverge when it comes to securities trading. FxPro does not offer the option to buy U.S. exchange-traded securities, whereas FinecoBank includes this feature, allowing investors to purchase shares such as Apple on the NASDAQ.
The choice between FxPro and FinecoBank may also depend on other specific features. For instance, FxPro supports copy trading, which may attract those interested in mirroring the trades of more experienced investors. However, neither broker allows clients to buy actual cryptocurrency, although FxPro offers cryptocurrency derivatives. Despite these differences, both brokers receive high ratings for their range of investments, with FinecoBank slightly edging ahead with a 4.5-star rating compared to FxPro's 4 stars. In rankings by ForexBrokers.com, FinecoBank stands at #16, reflecting its comprehensive offerings, while FxPro ranks at #28, still proud but with room for expansion in certain areas.
| Feature |
FxPro
|
FinecoBank
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 2249 | 9770 |
| Forex Pairs (Total) | 70 | 54 |
| U.S. Stock Trading (Non CFD) | No | Yes |
| Int'l Stock Trading (Non CFD) | Yes | Yes |
| Social Trading / Copy Trading | Yes | No |
| Cryptocurrency (Physical) | No | No |
| Cryptocurrency (Derivative) | Yes | No |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
Dive deeper: Best Copy Trading Platforms.
When comparing the trading platforms and tools offered by FxPro and FinecoBank, there are several key differences to consider. FxPro provides a free virtual demo account, which allows traders to practice their strategies without financial risk, while FinecoBank does not offer this feature. Both brokers have developed their own proprietary platforms and provide Windows-based desktop and web-based trading options. However, FxPro supports the popular MetaTrader 4 and MetaTrader 5 platforms, giving traders more options for advanced trading, whereas FinecoBank does not include these platforms. Additionally, FxPro offers copy trading, which isn't available through FinecoBank.
In terms of charting tools, FxPro gives traders access to 25 drawing tools, a feature that is more limited at FinecoBank with only 7 drawing tools. FxPro also allows for direct trading from stock charts, enhancing convenience for active traders, a feature not offered by FinecoBank. Both brokers are rated 4 stars for their trading platforms and tools, with FxPro slightly ahead in the rankings at #17 compared to FinecoBank's #18. Overall, while both brokers provide reliable trading services, FxPro offers a broader range of tools and platform options that may appeal to traders looking for flexibility and versatility.
| Feature |
FxPro
|
FinecoBank
|
|---|---|---|
| Virtual Trading (Demo) | Yes | No |
| Proprietary Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | No |
| MetaTrader 4 (MT4) | Yes | No |
| MetaTrader 5 (MT5) | Yes | No |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 53 | 37 |
| Charting - Drawing Tools (Total) | 25 | 7 |
| Charting - Trade From Chart | Yes | No |
| Watchlists - Total Fields | 6 | N/A |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Both FxPro and FinecoBank offer mobile trading apps compatible with iPhone and Android devices, making them accessible for traders on the go. Both apps provide essential features like stock and forex price alerts and the ability to view various time frames for stock or forex charts. However, the FxPro app goes a step further. It syncs watchlist symbols with the client's online account, ensuring seamless management between devices, while FinecoBank's app doesn't offer this convenience. Additionally, FxPro provides significantly more technical studies with 65 options compared to FinecoBank's 6, allowing for more complex analysis.
FxPro's app also allows users to draw and auto-save trendlines on charts, a feature not available in FinecoBank's app. Traders can create watchlists with real-time quotes on FxPro, which FinecoBank doesn’t support. This comprehensive suite of features reflects in FxPro’s higher rating of 4.5 stars compared to FinecoBank’s 4 stars. Furthermore, FxPro ranks #15 out of 62 brokers for Mobile Trading Apps on ForexBrokers.com, showcasing its strength in this area, while FinecoBank holds the #42 position.
| Feature |
FxPro
|
FinecoBank
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 65 | 6 |
| Mobile Charting - Draw Trendlines | Yes | No |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | No |
| Mobile Watchlist | Yes | No |
Dive deeper: Best Forex Trading Apps.
When comparing the market research offerings of FxPro and FinecoBank, both brokers provide noteworthy features for traders. FxPro stands out with its daily market commentary and exclusive access to technical analysis from Trading Central. Additionally, FxPro offers traders a sentiment-based tool to gauge market positioning, crucial for forming trading strategies. On the other hand, FinecoBank does not provide these specific tools, which could limit traders looking for comprehensive analysis. Both brokers do provide forex news from top-tier sources like Bloomberg, ensuring traders are informed of major market movements. Moreover, each broker includes an economic calendar to help traders stay ahead of global news events.
In terms of research ratings, both FxPro and FinecoBank earn a commendable 4 out of 5 stars. However, FxPro holds a slightly better rank at #26 compared to FinecoBank's #33 according to ForexBrokers.com. This distinction may influence traders who value rankings in their decision-making process. While neither broker offers research tools from Autochartist, TipRanks, or Acuity Trading, FxPro's additional offerings in market commentary and sentiment tools could be beneficial for those seeking a wider range of insights to inform their trades.
| Feature |
FxPro
|
FinecoBank
|
|---|---|---|
| Daily Market Commentary | Yes | No |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | No |
| Trading Central (Recognia) | Yes | No |
| Social Sentiment - Currency Pairs | Yes | No |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
FxPro and FinecoBank both offer a range of educational resources for beginners interested in forex and CFD trading. FxPro provides over 10 educational materials, including articles, videos, and archived webinars, allowing beginners to learn at their own pace. However, FxPro does not host live educational webinars, although it compensates for this with a searchable archive of past webinars, providing a rich library of information. FxPro also caters to novices with a selection of over 10 beginner-focused educational videos and an investor dictionary with definitions for more than 50 investing terms, making it a strong contender for those new to the trading world.
On the other hand, FinecoBank shines in providing live monthly educational webinars, offering an interactive learning experience for its clients. Despite this, FinecoBank falls short in the depth of its archived content, as it does not maintain an archive of recorded webinars for future reference. Like FxPro, FinecoBank offers more than 10 educational videos for beginners and a comprehensive investor dictionary. However, when evaluated by ForexBrokers.com, FxPro is ranked higher in the education category, securing the 18th spot out of 62 brokers, compared to FinecoBank's 49th position. Both brokers are rated 4 stars for their educational offerings, yet they each cater to different learning preferences.
| Feature |
FxPro
|
FinecoBank
|
|---|---|---|
| Education (Forex or CFDs) | Yes | No |
| Client Webinars | No | Yes |
| Client Webinars (Archived) | Yes | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | No | No |
| Investor Dictionary (Glossary) | Yes | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 62 of the best forex brokers, our research and account testing finds that FxPro is better than FinecoBank. FxPro finished with an overall rank of #21, while FinecoBank finished with an overall rank of #25.
FxPro competes among the top MetaTrader brokers, featuring multiple account options and various execution methods. It provides its own proprietary FxPro Edge app – though it isn’t yet available for mobile – alongside access to the BnkPro app (which isn’t yet available in all regions).
| Feature |
FxPro
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FinecoBank
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| Overall Rating |
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| Trust Score | 93 | 94 |
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FxPro allows for the purchase of cryptocurrency derivatives, unlike FinecoBank, which does not offer options for buying actual or derivative cryptocurrencies.
FxPro and FinecoBank both offer flexible banking options such as ACH and SEPA transfers and bank wires for account deposits and withdrawals, while FxPro also supports PayPal, Skrill, and Visa or Mastercard options, which are not available with FinecoBank.
Please note:
We review each broker’s overall global offering – a “Yes” checkmark in our Compare Tool does not guarantee the availability of any specific features in your country of residence. To verify the availability of any features within your country of residence, please contact the broker directly.
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0 of 5| Overall Rating | FxPro | FinecoBank | |
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| Trust Score | 93 | 94 | |
| Winner | check_circle | ||
| Review | FxPro Review | FinecoBank Review |
| Broker Screenshots | FxPro | FinecoBank | |
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| Regulation | FxPro | FinecoBank | |
|---|---|---|---|
| Trust Score | 93 | 94 | |
| Year Founded | 2006 | 1999 | |
| Publicly Traded (Listed) | No | Yes | |
| Bank | Yes | Yes | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 2 | 2 | |
| Tier-2 Licenses | 1 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 2 | 0 |
| Tier-1 Licenses (Highly Trusted) | FxPro | FinecoBank | |
|---|---|---|---|
| Australia (ASIC Authorised) | No | Yes | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | No | No | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | No | No | |
| United Kingdom (U.K.) (FCA Authorised) | Yes | Yes | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes |
| Tier-2 Licenses (Trusted) | FxPro | FinecoBank | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | No | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | FxPro | FinecoBank | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 2249 | 9770 | |
| Forex Pairs (Total) | 70 | 54 | |
| U.S. Stock Trading (Non CFD) | No | Yes | |
| Int'l Stock Trading (Non CFD) | Yes | Yes | |
| Social Trading / Copy Trading | Yes | No | |
| Cryptocurrency (Physical) | No | No | |
| Cryptocurrency (Derivative) | Yes | No | |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
| Cost | FxPro | FinecoBank | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.51 | N/A | |
| All-in Cost EUR/USD - Active | 1.27 | N/A | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | Yes | No |
| Funding | FxPro | FinecoBank | |
|---|---|---|---|
| Minimum Deposit | $100 | $0 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | Yes | No | |
| Visa/Mastercard (Credit/Debit) | Yes | No | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | Yes |
| Trading Platforms | FxPro | FinecoBank | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | No | |
| MetaTrader 4 (MT4) | Yes | No | |
| MetaTrader 5 (MT5) | Yes | No | |
| cTrader | Yes | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | FxPro | FinecoBank | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | No | |
| Alerts - Basic Fields | Yes | No | |
| Watchlists - Total Fields | 6 | N/A | |
| Charting - Indicators / Studies (Total) | 53 | 37 | |
| Charting - Drawing Tools (Total) | 25 | 7 | |
| Charting - Trade From Chart | Yes | No | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | FxPro | FinecoBank | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | No | |
| Watchlist Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 65 | 6 | |
| Mobile Charting - Draw Trendlines | Yes | No | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | No | |
| Mobile Economic Calendar | Yes | Yes |
| Research | FxPro | FinecoBank | |
|---|---|---|---|
| Daily Market Commentary | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | FxPro | FinecoBank | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | No | |
| Client Webinars | No | Yes | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | No | No | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | FxPro | FinecoBank | |
|---|---|---|---|
| GBP/USD | Yes | Yes | |
| USD/JPY | Yes | Yes | |
| EUR/USD | Yes | Yes | |
| USD/CHF | Yes | Yes | |
| USD/CAD | Yes | Yes | |
| NZD/USD | Yes | Yes | |
| AUD/USD | Yes | Yes | |
| Review | FxPro Review | FinecoBank Review |
| Overall | FxPro | FinecoBank | |
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| Trust Score | 93 | 94 | |
| Winner | check_circle | ||
| Review | FxPro Review | FinecoBank Review |
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